Reuters: Global Markets: Sharp sheds 10 percent to more than three-decade low

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Sharp sheds 10 percent to more than three-decade low Aug 15th 2012, 03:53 TOKYO | Tue Aug 14, 2012 11:53pm EDT TOKYO (Reuters) - Shares of Sharp Corp (6753.T) shed 10.4 percent to a more than three-decade low on Wednesday as concerns mounted over the outlook of the consumer electronics maker. It was the third-most traded stock on the main board by turnover. Goldman Sachs said it saw further downside risk for the struggling company and cut its 12-month price target to 190 yen from 260, while Deutsche Bank downgraded its rating on Sharp to 'sell' from 'hold' and slashed its price target to 110 yen from 365. Sharp fell as far as 173 yen on Wednesday afternoon.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions